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Hi,
I am using metastock Version 8 I think your formula works well , but the problem i am facing is how can i write the formuale in Expert advisor like What should i write in Trends Bullish or Bearish , add symbols like up arrow for buy and down arrow for Sell . how they can be seen on charts
1) Buy Signal : When Smothened RSI ( 5 Days Smoothened by Exponential 10 day closing ) crosses RSI Trigger line for 2 period
2) Sell Signal : Vice Versa
Its a great indicator hope i can get the solution for this
Regards
Vishal Mehta
Vishal,
You did not mention what version of Metastock you have. In earlier
versions you could not input a data field for RSI. The later
versions allowed it. How do you find out?
Open Metastock
Click on the Help Icon at the top of the page
Click on Metastock Help
Select Relative Strength Index Function
You should see the following:
SYNTAX rsi( DATA ARRAY, PERIODS )
FUNCTION Calculates the predefined RSI indicator.
EXAMPLE rsi( 14 )
The DATA ARRAY argument is optional and will use CLOSE as the
default if it is not included.
If this is what you see then your indicator can be as simple as
{Vishal RSI}
A:=mov(close, 10,e);
B:=RSI(A,5);
Trigger:=mov( b,2,e);
{end}
If you have an older version of Metastock you will need to use the
full RSI formula. Check the group links section for formula sites.
Hope this helps,
Preston
--- In equismetastock@ yahoogroups. com, Vishal Mehta
<traderscollection@ ...> wrote:
>
> Hello Freinds,
> Its been long that i was reading all the
mails and know the users who contribute are extremely talented.
> I want to create Indicator which gives me buy and sell signal in
the chart .
> 1) Plot any chart
> 2) Plot 10 Day EMA on Price
> 3) Take 5 Day RSI
> 4) Use 10 Day EMA value for RSI ( Not the Closing Value )
> This can be done by putting RSI on EMA when EMA turns Purple it is
taking 10D EMA Value
>
> 5) Now take EMA for 2 Days put use this as triger line for RSI
> (Plot 2D EMA on RSI)
>
> I hope i tried my level best to explain what i want .
>
> Can anybody help me creat this indiactor in Expert Advisor with
Buy and Sell signlas embedded.
>
>
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